New tobacco taxes predicted to generate US$53mil for Cambodia


PHNOM PENH (The Phnom Penh Post/Asia News Network): The Ministry of Economy and Finance has taken the step of rolling out new guidelines to standardise value-added tax (VAT) for businesses involved in importing and distributing cigarettes.

This move, hailed by health experts, comes into effect from August 1 and aims to ensure a consistent and transparent application of VAT.

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Cambodia , tobacco , tax

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